Fort Campbell Blvd Investment
For Sale
$549,950
2030 Fort Campbell Blvd, Clarksville, TN 37042
Commercial property on Fort Campbell Blvd, ideal for various businesses.
Property Size2,604 SF
Price / SF$211.19
Days on Market454
Property Features for 2030 Fort Campbell Blvd
General Information
Standard status
Active
Size
2,604 SF
Building Details
Year Built
1969
Listing Agency:
LPT REALTY LLC
Listed By:
MINHEE HEO
(877) 366-2213
Source:
Corcoran
Added: Jun 16, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT REALTY LLC
Investment Insights
Based on property information with market context.
This commercial property is located directly on Fort Campbell Boulevard, offering high visibility and accessibility due to high daily traffic. The 2,604 square foot building is currently operating as a restaurant. The property's location near Fort Campbell makes it suitable for businesses aiming to serve the military community and local residents. It presents a chance to capitalize on its under-market rent and month-to-month tenant, providing flexibility for rent optimization or introducing a new concept. Ample parking space is available.
Key Highlights
- Prime location directly on Fort Campbell Blvd with high traffic count, offering excellent visibility and accessibility.
- 2,604 sq ft building currently operating as a restaurant, presenting immediate business potential.**
- Month‑to‑month tenant with under‑market rent provides immediate upside for rent optimization or new business concept.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,761
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,220
$575.2K
Cap Rate 7%
$410,871
$410.9K
Cap Rate 9%
$319,567
$319.6K
Market Conditions
NOI Build-Up for 2,604 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.6K $15.60/SF
− Vacancy
−$2.3K −$0.87/SF
EGI
$38.3K $14.73/SF
− OpEx
−$9.6K −$3.68/SF
NOI
$28.8K $11.04/SF
Area
Clarksville, TN
Vacancy
5.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,220
Cap Rate 7%
$410,871
Cap Rate 9%
$319,567
Alternative Uses
Best Use
Specialty Retail
$410.9K
$359.5K – $479.4K
NOI $28,761 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$354.0K
$309.7K – $413.0K
NOI $24,778 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$437.1K
$382.5K – $510.0K
NOI $30,598 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
19k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Shops & Services 14%
SONIC Drive In
Dining
8,394 visits/mo
0.3 miles
Burger King
Dining
8,306 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
2,170 visits/mo
0.2 miles
Caliber Collision
Shops & Services
485 visits/mo
0.5 miles
Demographics for 37042, TN
83,498
Population
35,433
Households
2.4
Avg Household Size
29
Median Age
26%
College-Educated
94%
High-School Grad
56.9 sq mi
ZIP Area
1,467
Density / Sq Mi
$66,435
Median Household Income
$38,716
Median Earnings
$1,196
Median Rent
$220,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Tri-City Chefs, LLC — 413 Ambrose Dr, Clarksville, TN 37042
- Poppin'Bottles Bar Service & Hospitality — 2049 Windmeade Dr, Clarksville, TN 37042
Frequently Asked Questions
What type of property is this?
Restaurant - Commercial property on Fort Campbell Blvd, ideal for various businesses.
Where is this restaurant located?
The property is located at 2030 Fort Campbell Blvd Clarksville, TN.
What is the asking price?
The asking price for this property is $549,950.
What are key features of this property?
This property features: Prime location directly on Fort Campbell Blvd with high traffic count, offering excellent visibility and accessibility.; 2,604 sq ft building currently operating as a restaurant, presenting immediate business potential.**; Month‑to‑month tenant with under‑market rent provides immediate upside for rent optimization or new business concept.
